Hong Kong Property Market Steady; Key Estates See Stalemate, Victoria Harbourfront Unit Sold for HK$23.3M
SingTao · 1 SOURCESabout 2 hours ago3 MIN
Summary
Hong Kong's property market continues to demonstrate stability in both pricing and transaction volume, with several key housing estates experiencing a transactional stalemate amid cautious buying and selling expectations. A prominent sea-view unit at Victoria Harbourfront Phase 2 was recently sold for HK$23.3 million at HK$31,444 per square foot, while additional transactions across Ma On Shan, Tai Kok Tsuri, Yuen Long, and Tuen Mun illustrate the varied dynamics of the current market landscape. Real estate agents note that buyers and sellers remain in a standoff, resulting in moderate transaction flows across different property segments.
Key Points
- Victoria Harbourfront Phase 2 Tower 2 High Floor Unit B, spanning 741 square feet with 3 bedrooms and sea views, was sold to an out-of-district first-time buyer for HK$23.3 million at HK$31,444 per square foot after one month on market; the previous owner purchased it in 2023 for HK$22.79 million, yielding a gain of HK$510,000 or 2.2 percent .
- A 3-bedroom plus ensuite unit at Ma On Shan The Riverpark Phase 4 Tower 8 mid floor, measuring 811 square feet, was transacted at HK$12.7 million or HK$15,660 per square foot by an upgrading buyer; the original owner bought it in 2015 for HK$12.77 million, incurring a loss of approximately HK$70,000 or 0.5 percent after 11 years .
- An open-layout unit at Tai Kok Tsuri Lei Ore Shores Phase 1 Tower low floor, covering 194 square feet with open scenery, was purchased by an investor for HK$3.818 million at HK$19,680 per square foot for rental purposes; the owner originally bought it in 2016 for HK$3.533 million, profiting HK$285,000 or 8.1 percent over 10 years .
- A top-floor unit at Yuen Long Tsui Park Tower 10, comprising 301 square feet plus a 262-square-foot rooftop, was sold for HK$3.36 million or HK$11,163 per square foot; the owner acquired it in July 2025 for approximately HK$2.98 million, earning a profit of roughly HK$380,000 or 12.8 percent within one year .
- A 2-bedroom banker's repossession unit at Tuen Mun Siu Hong Court Siu Wah House (Block I) ground floor, measuring 483 square feet, was immediately purchased by a local investor at the asking price of HK$2.9 million or HK$6,004 per square foot with zero negotiation; at the current market rent of HK$11,000 to HK$12,000 per month, the rental yield is estimated at 4.6 to 5 percent .
Why It Matters
The current stalemate in key housing estate transactions reflects a delicate balance between seller asking prices and buyer willingness to pay, indicating that Hong Kong's property market has not experienced the significant price corrections some anticipated. For ordinary Hong Kong residents, this stable environment offers a window for first-time buyers and investors to enter the market, while rental yields of 4.6 to 5 percent from repossessed properties signal continued investment appetite in the residential sector amid uncertain economic conditions .
The current stalemate in key housing estate transactions reflects a delicate balance between seller asking prices and buyer willingness to pay, indicating that Hong Kong's property market has not experienced the significant price corrections some anticipated. For ordinary Hong Kong residents, this stable environment offers a window for first-time buyers and investors to enter the market, while rental yields of 4.6 to 5 percent from repossessed properties signal continued investment appetite in the residential sector amid uncertain economic conditions .